Retail Price Index

Part of Oral Answers to Questions — Prices and Consumer Protection – in the House of Commons at 12:00 am on 11th October 1976.

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Photo of Mr Robert Maclennan Mr Robert Maclennan Parliamentary Under-Secretary (Department of Prices and Consumer Protection) 12:00 am, 11th October 1976

As is not infrequently the case, the hon. Lady is wrong in her facts. The inflation rate which I quoted was 12·9 per cent. as against the average annual inflation rate of 7·9 per cent. in the other OECD countries listed. The picture is a good deal better than it was at the same time in the previous year. The hon. Lady—[interruption]. If the hon. Lady wishes to intervene again, she must catch Mr. Speaker's eye.